Cora closes down hypermarket in Romania

French-Belgian retailer Cora will close on June 1 the store it operates within the retail center Galleria Arad in western Romania. It is the first hypermarket Cora closes down in Romania. Romania Hypermarche, the owner of the hypermarket chain, recently announced GTC Romania, the owner of Galleria Arad, that it plans to cease its activity in the retail center, although the leasing contract has been signed for 10 years, and the store opened just five years ago. “We are in various discussions with other hypermarket operators, as well as with other significant retailers; a possible departure of Cora is not equivalent with ceasing Galleria Arad’s activity,” said Danny Bercovich, CEO GTC Romania. editor@romania-insider.com